Maximizing Depreciation and Expense Deductions after Tax Reform

Terri S. Johnson, CRE, David McGuire, Brian O'Sullivan, CPA, Michael J. Tucker, CPA, LL.M. (moderator)
  • 3
  • Basic
  • Taxes

Individual course: $94
Best Value: All-Star Tax Season Pass
Volume Discounts: 
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The Tax Cuts and Jobs Act of 2017 expanded bonus and Section 179 depreciation deductions for businesses. Business owners need help determining if maximizing depreciation might reduce or eliminate another beneficial provision, such as the Section 199A 20% deduction, as well as when large depreciation deductions produce nondeductible losses of no immediate benefit. This practical program will update tax practitioners so they can advise their clients on the expanded depreciation rules and how they interact with the repair regulations.

Major Topics:

  • New rules for Section 179 and bonus depreciation
  • Changes related to listed property
  • Depreciation rules related to qualified improvement property after tax reform
  • Planning strategies to maximize return on purchase of business property based on the new depreciation rules
  • Interaction of the repair regulations and the revised depreciation rules

Learning Objectives

Be able to advise clients on how to most successfully implement the new depreciation rules in regards to purchase of business property 

Tax practitioners who anticipate advising clients with respect to the new depreciation rules applicable to 2018

A basic understanding of the tax rules relating to individual income tax




Varies by state. Click here for details